Security from Whom?
In the case of European companies, their potential legal liability, given European laws about personal information, may make even NSA and GCHQ snooping a concern.
For most companies in the United States, though, that sort of thing is the last of their security concerns, if it even comes up on the radar screen at all; they don't expect the NSA to pass on confidential information to their competitors, or, indeed, to risk disclosing its surveillance by using anything it sees - except for use related to their legitimate mission of defending America from war, espionage, and terrorism.
But data in the cloud is still more obviously potentially vulnerable to attack by hackers, and the computer industry's security record has been poor. So not everything is Snowden's or the NSA's fault.
Biting the hand that feeds IT
